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Aspen Group Expands Adelaide Footprint with $19M Retirement Village Buy
3:31pm on Thursday 17th of July, 2025 AEST
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Real Estate
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Aspen Group Expands Adelaide Footprint with $19M Retirement Village Buy
3:31pm on Thursday 17th of July, 2025 AEST
Key Points
Acquisition of 19 retirement village properties totaling 129 villas
Portfolio located in high-value inner-metropolitan Adelaide suburbs
Purchase price set at $19 million with an initial yield around 6%
Plan to convert retirement village licenses to standard residential leases
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